Yahoo makes Webb permanent chairman as Mayer hits one-year mark

Friday, 16 Aug 2013 | 8:31 PM ET
Getty Images

Yahoo said it appointed veteran technology executive and Silicon Valley investor Maynard Webb as chairman, succeeding Fred Amoroso at the company, which is struggling to jumpstart its advertising business.

Webb, who has served as interim chairman since April and is a former eBay chief operating officer, has been a director at Yahoo since February 2012.

Yahoo, once one of the Web's most successful companies, has seen its revenue stall in recent years as consumers and advertisers favor rivals such as Google and Facebook.

Chief Executive Marissa Mayer, a former Google executive, is about a year into a plan to try to bring viewers and users — and the revenue growth they represent — back to Yahoo.

"Maynard Webb's leadership and guidance have been an invaluable part of our board since he joined it in 2012," Yahoo said in a statement on Friday.

  Price   Change %Change


Contact Technology


    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.